Hong Kong stocks closed with the Hang Seng Index down 1.22% and the Hang Seng Tech Index down 2.71%. Oil and gas equipment, heavy machinery, and PCB sectors performed well, while chip, optical communication, OLED, and precious metal sectors performed poorly. MINIMAX-W (00100.HK) and Shenghong Technology (02476.HK) both fell by more than 8%.